RingCentral (NYSE:RNG) Releases FY 2025 Earnings Guidance

RingCentral (NYSE:RNG) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.130-4.270 for the period, compared to the consensus estimate of 4.220. The company issued revenue guidance of $2.5 billion-$2.5 billion, compared to the consensus revenue estimate of $2.6 billion. RingCentral also updated its Q1 2025 guidance to 0.930-0.970 EPS.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RNG. Morgan Stanley boosted their target price on shares of RingCentral from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 price target on shares of RingCentral in a research report on Monday, November 11th. Rosenblatt Securities reiterated a “buy” rating and set a $45.00 price target on shares of RingCentral in a report on Friday, November 8th. Piper Sandler boosted their price objective on RingCentral from $31.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Mizuho dropped their price target on RingCentral from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.60.

RingCentral Trading Down 3.0 %

RingCentral stock traded down $0.96 during midday trading on Thursday, reaching $30.78. The stock had a trading volume of 2,386,837 shares, compared to its average volume of 1,130,569. RingCentral has a 12 month low of $26.98 and a 12 month high of $42.19. The company has a market capitalization of $2.78 billion, a P/E ratio of -29.04, a PEG ratio of 1.39 and a beta of 1.01. The company has a fifty day moving average price of $35.24 and a two-hundred day moving average price of $34.32.

RingCentral (NYSE:RNG) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.73). RingCentral had a negative net margin of 4.17% and a negative return on equity of 2.55%. On average, equities research analysts predict that RingCentral will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling at RingCentral

In other news, SVP John H. Marlow sold 8,720 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $42.05, for a total value of $366,676.00. Following the transaction, the senior vice president now owns 334,869 shares in the company, valued at $14,081,241.45. The trade was a 2.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ned D. Segal sold 2,914 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $41.60, for a total value of $121,222.40. Following the completion of the transaction, the director now owns 10,633 shares in the company, valued at $442,332.80. The trade was a 21.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,091 shares of company stock worth $542,958. Insiders own 6.97% of the company’s stock.

RingCentral Company Profile

RingCentral, Inc, together with its subsidiaries, provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company’s products include RingCentral Message Video Phone that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions with integrated RingCentral MVP; and RingCX, an AI-powered contact center that a native delivers omnichannel experience.